Funding
Ultraviolette raises Rs 130 crore led by Zoho
By Startup Enthusiast ·
- Date
- Company
- Ultraviolette
- What it does
- Zoho, Lingotto, Mudhal Partners
- Kind
- Funding
- Amount
- Rs 130 crore
- Stage
- Series E
- Based in
- Bengaluru
- Founded
- 2016
What they do
Zoho, Lingotto’s co-invest fund and Mudhal Partners were among backers of a Rs 130 crore first tranche of Ultraviolette’s Series E round
What happened
A company filing showed preference shares issued at Rs 2,874 each to raise the money
Why it matters
Earlier that year the startup was said to be seeking about $120 million as it widened its range and sales network
The details
- Ultraviolette raised Rs 130 crore in Series E1.
- Zoho led, with Lingotto and Mudhal Partners.
- Shares were issued at Rs 2,874 each.
- They were compulsorily convertible preference shares.
- Its cap table also has TVS Motor and Qualcomm Ventures.
The bigger picture
- It started a long Series E that ran into 2026.
- It shows Zoho as its steadiest backer.
- It funded new models and more stores.
About the business
- Ultraviolette designs and builds premium electric motorcycles in Bengaluru, led by the F77 and the X-47.
- It sells in India and in about 19 European countries, and is adding a scooter (Tesseract) and a cheaper bike (Shockwave).
- Money comes from vehicle sales, with a battery subscription option to lower the upfront price.
Investors
Founders
- Narayan Subramaniam, Co-founder and CEO
- Niraj Rajmohan, Co-founder and CTO
About Ultraviolette
- Product
- Electric two-wheelers, including motorcycles and upcoming scooter and dirt-bike models.
- Customers
- Consumers buying electric motorcycles and other EV two-wheelers.
- How it makes money
- Sells vehicles directly to end customers through an automotive retail model.
- Operations
- Expanding manufacturing capacity in Karnataka and Tamil Nadu.
Other articles talking about it
More on Ultraviolette
- Ultraviolette bags $85 million to fuel global EV expansion27 September 2026 · Funding · $85M
- Kolkata Police add 183 Ultraviolette electric bikes21 September 2026 · Partnership
- Ultraviolette raises Rs 373 crore in Series E round11 September 2026 · Funding · Rs 373.04 crore
- Ultraviolette in talks to raise $45-50 million from existing investors21 August 2026 · Funding · $45-50 million
- Ultraviolette plans 1.5 lakh unit capacity before IPO17 July 2026 · Launch
- Ultraviolette enters six more European countries7 April 2026 · Launch
- Ultraviolette to invest Rs 200 crore in Karnataka expansion27 March 2026 · Launch · Rs 200 crore
- Ultraviolette cuts bike prices with battery subscription5 March 2026 · Launch